JPY Trading Outlook (01-03-2016)
USD/JPY Intraday: turning down.
Pivot: 113.20
Our preference: short positions below 113.20 with targets @ 111.95 & 111.30 in extension.
Alternative scenario: above 113.20 look for further upside with 114.00 & 114.50 as targets.
Comment: the RSI is badly directed.
Supports and resistances:
114.50
114.00
113.20
112.36 Last
111.95
111.30
111.00